This is one of those "anecdotal" posts.
As some would know we just bought first CIP in Dec, which settled in Jan.
Last two months have had the CIP and a Resi IP both being in the same cycle for all the bills!!!
Outcome:
$0 banked post bills for two months on the resi. Seriously, fully tenanted, but every bill which could arrive, arrived during those two months (rates, insurance, body corp, land tax, and water). Have just put the rent up a decent bit zero effect. Two months of banking $0.
The CIP I hear you ask..... Well, the bills just kept on coming in, similarly. However, not only are the yields higher - but nice Mr. Tenant pays ALL outgoings. Net outcome - I get all my rent, and tenant pays every last cent. And somehow all those bills get paid too.
Had a bit of a nice kick reading the CIP statement this arvo. Interesting difference.
Wonder what I'll buy next???????!!!!!!??????
As some would know we just bought first CIP in Dec, which settled in Jan.
Last two months have had the CIP and a Resi IP both being in the same cycle for all the bills!!!
Outcome:
$0 banked post bills for two months on the resi. Seriously, fully tenanted, but every bill which could arrive, arrived during those two months (rates, insurance, body corp, land tax, and water). Have just put the rent up a decent bit zero effect. Two months of banking $0.
The CIP I hear you ask..... Well, the bills just kept on coming in, similarly. However, not only are the yields higher - but nice Mr. Tenant pays ALL outgoings. Net outcome - I get all my rent, and tenant pays every last cent. And somehow all those bills get paid too.
Had a bit of a nice kick reading the CIP statement this arvo. Interesting difference.
Wonder what I'll buy next???????!!!!!!??????